Keras Resources (LON:KRS) Posts Earnings Results

Keras Resources (LON:KRS) posted its quarterly earnings data on Monday. The company reported GBX (0.56) EPS for the quarter, Digital Look Earnings reports. Keras Resources had a negative net margin of 61.02% and a negative return on equity of 20.87%.

Keras Resources Price Performance

Shares of LON:KRS opened at GBX 1.48 on Tuesday. The firm has a 50 day simple moving average of GBX 1.42 and a 200-day simple moving average of GBX 1.38. The company has a market capitalization of £2.31 million, a PE ratio of -1.66 and a beta of 1.02. Keras Resources has a twelve month low of GBX 1.10 and a twelve month high of GBX 2.90. The company has a current ratio of 1.37, a quick ratio of 0.15 and a debt-to-equity ratio of 48.82.

Insider Activity at Keras Resources

In other news, insider Russell Lamming acquired 4,285,714 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of GBX 1 per share, with a total value of £42,857.14. 22.89% of the stock is owned by insiders.

Keras Resources Company Profile

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).